The quest for global green finance participation: Developing countries and barriers to full participation

Kapaya, George and Kyriacou, Orthodoxia ORCID: https://orcid.org/0000-0003-3755-2346 (2023) The quest for global green finance participation: Developing countries and barriers to full participation. In: Routledge Handbook of Green Finance. Routledge. . [Book Section] (Accepted/In press)

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Abstract

We examine the case for developing countries’ participation in the ‘green finance’ debate, which deserves reconsideration given the current lack of clarity and agreement on a universal definition of green finance. We demonstrate that initiatives aimed at curbing the worst environmental excesses tend to be characterized by a ‘them and us’ mentality. Developing countries have been marginalized from participating and contributing meaningfully to the debate, with serious ongoing consequences. The only way to meet sustainability priorities with the potential for long-lasting change is to encourage countries to work together in genuinely collaborative partnerships.

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